A report published today by the Health Policy Institute at Georgetown University and the Kaiser Family Foundation exploring the current state of Medicare Part D and trends over the last decade presents a number of interesting findings. The percent of beneficiaries enrolled in a Part D plan has increased from 52% in 2006 to 71% in 2016. The chart below presents a high level view of current Part D enrollment.
A closer examination of 2016 Part D enrollment data reveals that the three largest Part D sponsors, UnitedHealth, Humana, and CVS Health, account for 52% of enrollees. The ten largest sponsors have enrolled 80% of Part D beneficiaries. The average Medicare beneficiary ha 26 PDP plans available in 2016, the lowest amount in the past ten years. On average, there were 16 MA-PD plans available to beneficiaries, a number that has remained relatively stable since 2011.
A closer look at 2016 Part D premiums, benefits, the LIS program, and plan performance ratings will be covered in the coming days.